A push by California growers for more rigorous quality tests to be performed before olive oil can be labeled "extra virgin" could threaten New York-based Sovena USA Inc., the nation's largest olive oil importer, Sen. Charles Schumer said Wednesday.
Covington & Burling LLP has added to its European anti-corruption and trade control practices by luring a Steptoe & Johnson LLP partner with extensive international experience to its London office, the firm said Wednesday.
A group of Chinese garlic exporters has lost a challenge to anti-dumping duties assessed by the U.S. government, after a trade court ruled they had sought redress under the wrong federal statute, according to an opinion published by U.S. Customs and Border Protection on Wednesday.
The U.S. Senate agreed Tuesday to extend the authority of the Export-Import Bank of the U.S., lengthening its lending authority through September 2014 and increasing its financing cap from $100 billion to $140 billion, one week after the U.S. House of Representatives did the same.
Senate Democrats introduced a bill Tuesday that would exclude Chinese-made solar panels from tax credits that support small-scale solar installations in a move designed to counter China's subsidies for its solar industry.
A former manager with a Netherlands-based freight-forwarding company who was part of a conspiracy to illegally export spray paint coatings and other goods to Iran was sentenced in New Jersey federal court on Tuesday to six months in prison.
Myanmar opposition leader and former dissident Aung San Suu Kyi on Tuesday gave a guarded endorsement to Sen. John McCain's statements that the U.S. should suspend sanctions against the formerly autocratic country.
Peregrine Semiconductor Corp. sued HTC Corp. and its U.S. subsidiary in the U.S. International Trade Commission and California federal court on Monday, accusing the smartphone maker of infringing five patents covering radio frequency circuitry.
The Blackstone Group LP will buy $1.5 billion in stock units at a discount from Cheniere Energy Partners LP, locking in the final piece of financing for Cheniere's plans to export U.S. shale gas, according to deal terms announced Tuesday.
Steptoe & Johnson LLP has snagged a Foreign Corrupt Practices Act pro and former chief of the Inter-American Development Bank's Office of Institutional Integrity, to expand its international regulation and compliance and commercial litigation practices and Latin American presence, the firm said Tuesday.
The U.S. International Trade Commission on Tuesday decided to renew anti-dumping duties on Chinese imports of coke fuel used in foundries and Japanese shipments of coated steel sheet, saying that removing the protective measures would likely hurt domestic producers.
The European Union’s climate change chief said Tuesday that 10 Chinese and Indian airlines fail to comply with regulations requiring them to submit greenhouse gas data as part of the Emissions Trading System, and gave them a month to turn in their results.
The U.S.-Colombia free trade agreement enters into full force Tuesday, topping off years of work by both countries to secure the pact’s implementation.
Argentina told the the European Union on Monday that it was “deeply concerned” with Spain's recent decision to bar imports of Argentine biodiesel, saying the move violated World Trade Organization rules.
The U.S. Supreme Court on Monday declined to review an appeals court decision that since the government has authority to revoke any exceptions to the Cuban trade embargo, a state-owned Cuban company doesn’t have a "vested right to perpetual renewal" of its Havana Club trademark.
Sen. John McCain urged the Obama administration on Monday to take bolder steps to increase trade with Asia, including calling for the the U.S. to suspend most of its economic sanctions against Myanmar.
A group of Vietnamese frozen fish exporters on Friday filed a U.S. Court of International Trade challenge to the continued use of zeroing in administrative duty reviews by the U.S. Department of Commerce, in light of recent appeals court rulings that question the policy.
Animal advocacy groups sued the U.S. Department of Agriculture in California on Wednesday, alleging that the agency has violated the Poultry Products Inspection Act by allowing the sale of force-fed foie gras, which they say necessarily comes from diseased birds and is unfit for human consumption.
Orion America Inc. on Thursday escaped Walker Digital LLC's suit before the U.S. International Trade Commission accusing it and others of selling Blu-ray disc players that infringe its media interfacing patent.
Australia's parliament on Wednesday advanced two bills aimed at streamlining the country's anti-dumping and tariff systems as part of an overhaul announced last year that is intended to make the systems easier to use.
A new trend in False Claims Act suits is emerging. Increasingly, international trade compliance lapses are serving as the basis for FCA suits. Steps should be taken to protect companies against this growing area of potential liability for international trade activities, say Lisa Crosby, Bob Conlan and Jill Caiazzo of Sidley Austin LLP.
Europe's July 1 oil embargo as well as U.S. and European financial sanctions prompted by Iran's nuclear program have seen Tehran's oil sales drop to most Western destinations, and drawn promises from some Asian buyers that they will cut purchases, says Nigel Kushner of Whale Rock Legal Ltd.
The Institute of Medicine has issued a report entitled “Ensuring Safe Foods and Medical Products Through Stronger Regulatory Systems Abroad." Some of IOM’s goals, including the application of current food-tracing requirements to medicines, biologics and even medical devices, suggest that supply-chain tracing may be of increased importance over the next three to five years, says Amy Goerss of Hodgson Russ LLP.
The recently issued executive orders expanding sanctions against Iran and Syria serve to demonstrate the expanding extraterritorial reach of U.S. sanctions, even for activities without any connection to U.S. commerce and that otherwise would be lawful in the home jurisdictions of such third-country nationals, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.
The U.S. Securities and Exchange Commission's Foreign Corrupt Practices Act case against a former Morgan Stanley executive — the first FCPA case involving a private fund investment adviser — reemphasizes to investment firms the importance of establishing effective anti-corruption internal controls in protecting both the entity and individual personnel from such enforcement, say attorneys with Ropes & Gray LLP.
Creating new approaches to fee agreements is something to embrace rather than fear — and when structured and managed correctly, it can be financially advantageous. Take, for example, fixed-fee arrangements, result-based billing and portfolio billing, say Bill Rudnick and Keith Maziarek of DLA Piper.
While Canada and the EU have moved ahead swiftly with lifting sanctions against Burma, indications are that a slower and more cautious transition process is likely to unfold in the United States, given the number of overlapping sanctions currently in place, say Brenda Jacobs and Christopher Swift of Sidley Austin LLP.
The U.S. Supreme Court recently granted certiorari in John Wiley & Sons Inc. v. Kirtsaeng, suggesting that the high court will decide a critical issue that it left unresolved a year ago — whether the first-sale doctrine in copyright law applies to copies manufactured outside of the U.S. A reversal by the court could lead to an influx of gray market goods, say attorneys with Latham & Watkins LLP.
Controlling "moral hazard" — a phenomenon inherent in third-party business relationships — is a key factor in efforts to counter corruption. Yet, moral hazard is seldom addressed or discussed by anti-corruption professionals in the context of mitigating the risk of a regulatory event, say Glenn Ware and Shanti Salas of PwC and Suzanne Folsom of Academi.
From a U.S. company compliance perspective, the additional compliance burden created by the recent executive order targeting foreign evaders of U.S. sanctions against Iran and Syria is relatively limited. In contrast, the order creates significant new challenges to non-U.S. companies’ compliance efforts, say attorneys with Steptoe & Johnson LLP.